Reserve Bank of India Act, 1934

Section - 45A - Definitions

[CHAPTER IIIA

COLLECTION AND FURNISHING OF CREDIT INFORMATION

Definitions.

45A. In this Chapter, unless the context otherwise requires,-

(a)- "banking company" means a banking company as defined in section 5 of the Banking [Regulation] Act, 1949 (10 of 1949), and includes the State Bank of India [any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), any corresponding new bank constituted by section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), and any other financial institution notified by the Central Government in this behalf];
(b)- "borrower" means any person to whom any credit limit has been sanctioned by any banking company, whether availed of or not, and includes-
(i)- in the case of a c .... To read the full section download the app from Google Play store